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Share Name Share Symbol Market Type Share ISIN Share Description
Cambria Automobiles Plc LSE:CAMB London Ordinary Share GB00B4R32X65 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  3.00 5.83% 54.50 50.00 53.00 53.00 51.50 51.50 26,247 16:35:13
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 657.8 12.5 10.0 5.5 55

Cambria Automobiles Share Discussion Threads

Showing 851 to 874 of 875 messages
Chat Pages: 35  34  33  32  31  30  29  28  27  26  25  24  Older
DateSubjectAuthorDiscuss
05/10/2020
09:12
The total number of new cars registered in the UK in September were 328,041 vs 343,255 last year. A 4.4% reduction on September 2019. (SMMT Figures).
mortimer7
04/9/2020
09:17
SMMT have reported today that UK new car registrations in August were 87,226. A 5.8% decrease on August 2019 total of 92,573. SMMT commented: "August is typically one the new car market’s quietest months, it’s important not to draw too many conclusions from these figures alone. With the all-important plate change month just around the corner, September is likely to provide a better barometer".
mortimer7
02/9/2020
10:04
Does anyone have a view on whether what we are seeing atm is still pent up demand?, which will dissipate. Which leaves the sector facing a very tough 2021... Looking at sector share prices that's what the market appears to be saying. Any views appreciated. My own take fwiw is CAMB rather that VTU may be nearer the mark.
essentialinvestor
02/9/2020
09:58
Zeus- Cambria has issued its Pre-Close Update indicating that it has seen a good recovery post lockdown from June, and appears to be consistent with what other operators have reported in the sector. However, the messaging around September appears to be more cautious as the order book is currently building at a slower rate vs. last year. We would expect FY20 results to be within 20% of last year given the strong H1 already reported, and believe the cost initiatives undertaken and currently in process ensure it maintains a robust balance sheet. Pre-close update: Cambria has issued a Pre-Close Trading Update for the 11 months to 31 July 2020 ahead of FY results, which will be announced on 25 November. As per the H1 results issued on 6 May, Cambria reacted swiftly to the lockdown and has taken significant cost reduction measures across the business. Post lockdown, trading has been strong in June and July, which is consistent with what other operators in the sector have experienced. That said, this bounce back has not fully mitigated the impact of lock down but has gone some way in reducing it. Key drivers: New retail units were -26.6% during the 11-month period and -27.6% including fleet and commercial. Gross profit per unit continues to advance by 4% driven by mix changes towards the High Luxury Segment. Used unit sales in the Group were -21.6% but traded well either side of lock down with gross profit per unit +4.3%. Aftersales saw revenue -13.6% but again traded well either side of lock down. Cambria has also benefited from a £3.7m CJRS grant and benefited from a £1.1m reduction in business rates. Tax payments have been maintained so a deferred payment liability does not build up. A further cost reduction programme is in the process of being implemented, with further detail expected to be given at the time of the FY results. Outlook: The trading patterns seen from June appear to be consistent across the sector, with August also seemingly seeing ongoing pent up demand particularly in used cars as previously discussed. However, Cambria do comment that the September order book is building more slowly than last year. The management team have maintained its cautious approach to the wider economic environment from Q4, but also within the automotive market on both supply and demand side factors with Brexit looming and more demanding emissions regulations driving OEM behaviour. That said, the Group remains confident it can navigate itself through such testing times. Investment view: While financial guidance is currently suspended, we would expect Cambria to be within 20% of the £12.3m adjusted PBT delivered last year. We know the H1 performance was c£1m ahead of last year, with H2 likely to be behind due to the impact of COVID-19. We would also expect the balance sheet position to be robust given the cost measures taken to date. We therefore see Cambria as one of the survivors in an industry where significant change, disruption and potentially consolidation is anticipated
davebowler
02/9/2020
09:37
Yes. CAMB take a glass half empty perspective, VTU glass half full.
effortless cool
02/9/2020
07:10
Surprisingly downbeat update.....certainly compared with Vertu’s recent update.......
jaf111
30/8/2020
13:23
Pre-close trading update out on Wednesday.
effortless cool
05/8/2020
09:14
Some good news this morning: SMMT have reported today that UK new car registrations in July total 174,887. An 11.3% increase on July 2019 total of 157,198.
mortimer7
21/7/2020
22:01
Hi all, My mate Peter @Conkers3 and myself did a ‘Twin Petes Investing’ Podcast a few days ago and part of our discussion covers CAMB which I hold myself and I reckon the Car Retail sector looks very interesting now. We also chatted about loads of other Stocks and as always a fair bit of general Portfolio Management educational stuff. Anyway, if you use Apple, Audioboom, Overcast or Spotify you can find it under the 'Conkers Corner' Channel (you want TPI Podcast 27) and you can find it on Soundcloud at the link below. I hope you enjoy it and find it useful, Cheers, WD @wheeliedealer hTTps://soundcloud.com/user-479955511/conkers3-wheeliedealer-27-covid19-vaccine-hopes-azn-clin-ipf-vtu-auto-sfor-mpac-net
thewheeliedealer
06/7/2020
09:09
Number of new car registrations for month of June announced just now by SMMT. Total 145,377. Last June was 223,421.
mortimer7
04/6/2020
09:15
SMMT data just out showing 20,247 new cars registered in May in the UK. 89% decline vs last May. Better than Aprils total of 4,321.
mortimer7
05/5/2020
09:19
Figures just published by SMMT show the number of new cars registered in the UK in April were 4,321. April 2019 was 161,064. A 97.3% decline. In April there are similar falls across Europe, with France 88.8% down and the Italy 97.5%.
mortimer7
06/4/2020
09:14
Figures just published by SMMT show the number of new cars registered in the UK in March were down 44.4% compared to March 2019. Total units registered were 254,684 vs 458,054 last year. SMMT Comment "With the country locked down in crisis mode for a large part of March, this decline will come as no surprise. Despite this being the lowest March since we moved to the bi-annual plate change system, it could have been worse had the significant advanced orders placed for the new 20 plate not been delivered in the early part of the month. We should not, however, draw long term conclusions from these figures other than this being a stark realisation of what happens when economies grind to a halt. How long the market remains stalled is uncertain, but it will reopen and the products will be there. In the meantime, we will continue to work with government to do all we can to ensure the thousands of people employed in this sector are ready for work and Britain gets back on the move"
mortimer7
10/3/2020
11:54
Analyst interview with Zeus Capital discussing the pre-close trading update - http://bit.ly/39DpETL
astonedt
05/3/2020
09:29
SMMT released unit numbers today for new cars registered in the UK in February. Total units registered were 79,594 a decrease by 2.9% compared to February 2019 (81,969). Not too significant though as February has been the smallest month for registrations over the last couple of years. March will be the tester.
mortimer7
04/3/2020
12:45
Decent update given the current market circumstances: "While the new car market remains difficult, our superior brand representation, excellent franchise portfolio and strong balance sheet means that the Group remains well positioned and able to take advantage of any opportunities that may arise." The Group's trading performance in the first five months of the current financial year has been in line with the Boards' expectations and ahead of the previous year.
mortimer7
03/3/2020
14:04
Trading update due tomorrow from Cambria Automobiles.
mortimer7
05/2/2020
09:09
UK new car registration figures for January were published this morning by SMMT. A total of 149,279 units were registered, compared to 161,013 last January, a drop of 7.3%. Unwelcome news particularly after yesterdays 2035 deadline announcement.
mortimer7
01/2/2020
19:10
Leven accounting information is found here: https://beta.companieshouse.gov.uk/company/SC468400/filing-history
effortless cool
01/2/2020
18:50
I have updated the header to reflect the acquit ion of Leven Cars Group announced on 21 January. This brings Rolls Royce into the franchise portfolio, as well a fourth Aston Martin franchise. This represents Cambria's entry into the Scottish market and the business they have bought is the only outlet for Aston Martin and Rolls Royce in Scotland. Leven is a significant acquisition, with revenues of £46.7m in the year to 31 December 2017. The 2018 revenue is not available, as the accounting year was extended and then the business was put into administration. I have assumed a reduction of 15% against the 2017 revenue for my projections, as Cambria actions its strategy of increasing gross margin at the expense of revenue. My forecasts for 2020 are quite similar to broker consensus but both my top-line and bottom-line forecasts for 2021 are more optimistic. I am confident they are, in fact, the more realistic of the two sets of figures.
effortless cool
24/1/2020
08:32
Zeus Capital interview discussing the recent acquisitions - http://bit.ly/2RmzV05
astonedt
21/1/2020
08:37
Indeed, I was a little sceptical of the timing when they moved towards the high end premium franchises, but they've been proved correct so far.
mortimer7
21/1/2020
07:52
I continue to back the management of Cambria....Mark Lavery has an excellent track record. Therefore I am certainly very pleased with today's acquisition news....
jaf111
13/1/2020
09:18
They have some beautiful cars in stock.
essentialinvestor
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